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Thread: Financial Maths for ct1

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    Member BenHowe's Avatar
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    Financial Maths for ct1

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    Re: Financial Maths for ct1

    What's that angled bracket on top of n? In my copy of "Higher Algebra" by Hall & Knight,(1955 Ed; 1st Edition 1887) there is something similar but the angled bracket appears on the lower left - this was the old notation for n!
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    Re: Financial Maths for ct1

    oh sorry I should've explained it, the LHS= the present value of a level increasing annuity payable continuously for n years at a rate of i percent p/a
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    Rambling Spirit
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    Re: Financial Maths for ct1

    Quote Originally Posted by BenHowe View Post







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    Re: Financial Maths for ct1

    I think I must be doing something wrong. For the summation I just want

    Last edited by BenHowe; 31 Jan 2018 at 11:17 AM.
    2nd Year Applied Finance/Actuarial Studies @ MQ
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    Re: Financial Maths for ct1

    Quote Originally Posted by BenHowe View Post
    oh sorry I should've explained it, the LHS= the present value of a level increasing annuity payable continuously for n years at a rate of i percent p/a
    Oh yea. I should have remembered that notation.
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    Re: Financial Maths for ct1

    Oh yeah sorry I skipped stuff as well , where v is (1+i)^-1, so discounting whatever for 1 period but delta is the force or the rate of interest payable continously. so v=(1+i)^-1=e^-delta
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    Re: Financial Maths for ct1

    Thanks for the help guys I realised my errors and can do it/understand it now. Thanks heaps! I'd upload the solution but I don't know how to put the actuarial angle in the bos LaTeX editor only on the LaTeX editor on my computer. That and you guys would find it very boring
    2nd Year Applied Finance/Actuarial Studies @ MQ
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    Re: Financial Maths for ct1

    Hey,

    I think the answer is yes but I can't clearly explain why. Help please Capture.PNG
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    Re: Financial Maths for ct1

    Dw all good standard integral properties
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    Re: Financial Maths for ct1

    this all looks cancerous, do we ever have to do stuff like this in applied finance or is this just actuarial work?

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    Re: Financial Maths for ct1

    No this is financial maths for actuaries. In saying that, you will encounter some of it like interest rates compounded continuously or momently etc. I just think the treatment of the material is a little different. I'll let you know though
    2nd Year Applied Finance/Actuarial Studies @ MQ
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    Part 1's: CT1,CT2, 1/2 CT3,CT7

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